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Bahrain Unveils First Stablecoin Issuance Rules

  • Bahrain has unveiled its first stablecoin issuance rules through the Central Bank of Bahrain (CBB) to ensure safety and innovation in digital assets.
  • The rules demand a 1:1 reserve ratio for stablecoins, strict regulations including annual audits, cyberattack safeguards, and robust internal controls.
  • Only licensed companies meeting specific requirements can issue stablecoins, with transparency, good governance, risk management, and secure IT frameworks.
  • Unique to Bahrain are opportunities for yield-bearing stablecoins such as Bahrain Dinar, US Dollar stablecoins, and Sharia-compliant stablecoins, fostering safety and attracting investors.

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